Alan Longbon — Could Turkey Default? The Maths Say No
Most of the "analysis" of Turkey beingness offered is nonsense. Speculators next it volition move taking the losing side of the trade.
Alan Longbon nails it. This post service is the best available that I am aware of.
The championship is besides limited. The article comprehensive.
Does President Erdogan empathise MMT? And possibly President Putin, too? Is the globe waking up?
To early on to tell merely the signs are encouraging.
President Erdogan realizes that that the international institutions similar the International Monetary Fund as well as the global capitalist elite they are stand upwards for are on the same neoliberal page.
Erdogan is also aware that similar other fundamental banking concern the Turkish fundamental banking concern is on this same page. Can he cleft fundamental banking concern independent. The "international community" is alert him non to try.
That would move "dictatorial," yous see, as well as undercut the currency fifty-fifty to a greater extent than — every bit "they" practise their best to practise a fiscal crisis to trial authorities change.
BTW, this article is an first-class illustration of MMT analysis inwards action. Alan Longbon is worth next if yous are non already.
Could Turkey Default? The Maths Say No
Alan Longbon
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